Shenkman Capital Short Duration High Income Fund Class C (SCFCX)

Overview

The fund primarily focuses on investing in a diverse array of fixed income securities, bank loans, and other financial instruments that are generally rated below investment grade. It is particularly aimed at high yield instruments, concentrating on securities that are rated at least CCC or higher by reputable credit rating agencies such as S&P or Moody's. Despite this focus, the fund maintains the flexibility to allocate investments into even lower rated instruments, adapting to market conditions and potential opportunities that present higher risk-return profiles. This strategic approach underlines the fund's objective to achieve significant income while navigating the complexities of the below investment grade market.

Products and Services

• Fixed Income Securities

  These securities include traditional corporate bonds and U.S. government obligations that may feature fixed, floating, or variable interest rates. By investing in these instruments, the fund aims to generate income through regular interest payments, benefiting from the issuer's promise to pay back the principal at a future date. These securities vary in terms of credit quality, maturity, and yield, allowing for a diversified income-generating portfolio.

• Bank Loans

  Bank loans refer to the fund's investments in loans that financial institutions have extended to corporate borrowers. These loans often come with floating interest rates, which can provide an attractive income in environments where interest rates are rising. This portion of the fund's portfolio offers a unique blend of risk and return, tapping into the potential upside of lending to companies that are considered below investment grade.

• Other Instruments

  This category encompasses a broad range of financial instruments beyond traditional bonds and loans, including but not limited to, derivative contracts, structured products, and other unconventional assets. By including these instruments, the fund can enhance its diversification, manage risk more effectively, and exploit various market conditions to optimize returns for investors. These investments are selected based on rigorous analysis and the fund's strategic objectives, focusing on high yield opportunities.